Q687
Forth step in process costing system is to
A.
summarize total costs
B.
compute cost for each equivalent unit
AnswerC.
summarize flow of output
D.
compute output in units
Answer: Option B
Solution
Answer: Option B
Solution:
Forth step in process costing system is to compute cost for each equivalent unit. Process costing is a term used in cost accounting to describe one method for collecting and assigning manufacturing costs to the units produced.